SEJONG, Sept. 12 (Korea Bizwire) – The family of the late Kim Jung-ju, founder of the gaming giant Nexon, has completed the payment of their inheritance tax, estimated at over 5 trillion won, drawing attention to its potential impact on South Korea’s tax revenue. However, the actual cash contribution to the national coffers is expected to [...]
SEOUL, Sept. 12 (Korea Bizwire) – In an effort to minimize damage from localized extreme rainfall, Gangnam District in Seoul has launched a pilot program for an advanced flood monitoring and prediction system, local officials announced on September 11. The system, which combines artificial intelligence (AI) and Internet of Things (IoT) technologies, has been dubbed the [...]
DAEJEON, Sept. 12 (Korea Bizwire) – In a breakthrough that could revolutionize sustainable energy production, researchers at the Korea Institute of Machinery and Materials (KIMM) have developed an energy harvester capable of generating electricity from seawater, the institute announced on September 11. Energy harvesters are devices designed to capture and convert ambient energy sources, such as [...]
SEOUL, Sept. 12 (Korea Bizwire) – In a landmark recognition of its historical significance, the former Korean Empire Legation in Washington, D.C., has been officially listed on the National Register of Historic Places (NRHP), South Korean officials announced on September 11. The building, now known as the Old Korean Legation, stands as a testament to the [...]
TEL AVIV, Israel, Sept. 11 (Korea Bizwire) — Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) today announced that Richard Francis, Teva’s President and CEO, will present at the Bank of America 2024 Global Healthcare Conference on Thursday, September 19, 2024. The presentation will begin at 8.15 A.M. British summer time (3.15 A.M. Eastern Time). [...]
The planned deployments total more than 1.5GW of energy storage capacity across three sites in the United Kingdom BOSTON and LONDON and ANAHEIM, Calif., Sept. 11 (Korea Bizwire) — At the RE+ clean energy conference, American Energy Storage Innovations, Inc. (AESI, RE+ expo booth N90001) is pleased to announce they have reached agreement on three [...]
VICTORIA, Seychelles, Sept. 11 (Korea Bizwire) – Bitget, the leading cryptocurrency exchange and Web3 company has shared its August 2024 transparency report highlighting significant growth, adding 1.72 million users despite challenging market conditions. The cryptomarket saw sharp declines, with Bitcoin falling below $50,000, but Bitget remained resilient by integrating new features and advancing strategic initiatives. A [...]
SEOUL, Sept. 11 (Korea Bizwire) – As inflation continues to squeeze household budgets, South Koreans are turning to secondhand marketplace applications in record numbers, according to a recent study. App and retail analysis service Wise App reported on September 10 that last month saw an all-time high in both installations and active users of major secondhand [...]
SEOUL, Sept. 11 (Korea Bizwire) – A recent government study has unveiled significant economic disparities between men and women in South Korea, particularly when it comes to marriage and parenthood. The analysis, conducted by Statistics Korea, focused on the socioeconomic characteristics of adults aged 25 to 39, shedding light on how marital status and children affect [...]
SEOUL, Sept. 11 (Korea Bizwire) – In a sign of growing environmental consciousness among South Korean consumers, Hyundai Department Store announced on September 10 that it has sold out of its 10,000 eco-friendly fruit gift sets ahead of the Chuseok holiday. These sets, notably free of plastic packaging, mark a significant shift in the company’s approach [...]